Page 18 - Us

Trump's media company to buy back $400 million in shares amid stock slump

President Donald Trump's media company plans to buy back up to USD 400 million of its stock, which have lost 46 per cent of their value this year. Trump Media and Technology Group, which operates the Truth Social media platform, said Monday that the acquisition will improve its financial flexibility. It will retire the shares after they are purchased, meaning these particular shares can't be reissued. Companies can drive their stock higher by acquiring or removing the number of company shares outstanding. Trump is the largest stakeholder in Trump Media, with about 114 million shares. Shares of Trump Media rose just over 2 per cent Monday. But the shares appeared to peak about a month after the company went public in late March. Shares have been on a steady, downward trajectory since. The company said early this year that it lost USD 400.9 million in 2024 and its annual revenue declined 12 per cent to USD 3.6 million. After winning the US presidential election in November, Trump ..

India, US trying to finalise interim trade deal before Jul 9: Sources

India and the US are engaged in negotiations for an interim trade deal and are trying to finalise the pact before July 9, sources said on Monday. The high tariffs announced by the US on April 2 were suspended by the Trump administration till July 9. The US, on April 2, imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days. However, the 10 per cent baseline tariff imposed by America remains in place. India is seeking full exemption from the additional 26 per cent tariff. "We are very keen, we are engaged, we are trying. Both sides are trying, but both sides have to be happy," sources said when asked if the two countries are keen to finalise an interim trade agreement by July 9. There are always certain areas which are difficult in a trade agreement, they added. Agriculture and dairy sectors are "difficult and challenging areas for India. And India has not opened up dairy in any of its free trade pacts," one of the sources said. The US wan

Iran's nuclear dreams may survive even a devastating American blow

Through revolution and upheaval, the program has become intertwined with the country's security and national identity

Global AI gap widens as compute power divides nations, economies

As countries race to power artificial intelligence, a yawning gap is opening around the world

Fake-out in the skies: How US fooled Iran before launching B-2 bombing raid

Using stealth, decoys, and surprise, the US executed its largest B-2 bomber raid till date on Iran's nuclear sites

The Pentagon Pizza Index: How pizza orders may predict global crises

A decades-old theory linking Pentagon-area pizza orders to looming global crises resurfaces, as late-night deliveries hint at military alert before Israel-Iran strikes

What Happens if Trump Decides to Strike Iran or Assassinate Its Leader?

If the United States bombs an underground uranium enrichment facility in Iran or kills the country's supreme leader, it could kick off a more dangerous and unpredictable phase in the war

US strike on Iran would expose limits of China's influence in region

China, which depends on Iran for oil and to counter American influence, has a lot to lose from a wider war. But there's not much it can do about it

Trump postpones TikTok ban for third time as deal with US firms stalls

President Donald Trump on Thursday signed an executive order to keep TikTok running in the US for another 90 days to give his administration more time to broker a deal to bring the social media platform under American ownership. It is the third time Trump has extended the deadline. The first one was through an executive order on Jan 20, his first day in office, after the platform went dark briefly when a national ban approved by Congress and upheld by the US Supreme Court took effect. The second was in April when White House officials believed they were nearing a deal to spin off TikTok into a new company with US ownership that fell apart after China backed out following Trump's tariff announcement. It is not clear how many times Trump can or will keep extending the ban as the government continues to try to negotiate a deal for TikTok, which is owned by China's ByteDance. While there is no clear legal basis for the extensions, so far there have been no legal challenges to fight .

By-elections, Trump takes U-turn, Microsoft layoffs, Khamenei's warning & more

conducted today amid tight security arrangements. Counting of votes is scheduled for June 23.

Who is Zohran Mamdani, Indian-origin assemblyman running for NYC mayor?

Zohran Mamdani, Indian-origin New York lawmaker and Democratic Socialist, is a key face in the NYC mayoral race scheduled for June 24

US set to drop daily alcohol limit from dietary guidelines: Report

The updated Dietary Guidelines for Americans, which could be released as early as this month, are expected to include a brief statement encouraging Americans to drink in moderation

US Supreme Court upholds Tennessee law banning youth transgender care

The court, in a 6-3 ruling powered by its conservative justices, decided that the ban does not violate the US

Fed officials caught between inflation worries, slowdown fears amid tariffs

The US economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of angst. As the Fed considers its next moves during a two-day meeting this week, most economic data looks solid: Inflation has been steadily fading, while the unemployment rate is still a historically low 4.2%. Yet President Donald Trump's widespread tariffs may push inflation higher in the coming months, while also possibly slowing growth. With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%. Officials will also release a set of quarterly economic projections that are expected to show inflation will accelerate later this year, while unemployment my also tick up a bit. The projections may also signal that the Fed will cut its key rate twice later this year, economists say. The prospect of higher inflation would typically lead the Fed to keep rates unchanged or even raise them, while rising unemployme

Trump's Iran choice: Last-chance diplomacy or a bunker-busting bomb

Iranian officials have warned that U.S. participation in an attack on its facilities will imperil any chance of the nuclear disarmament deal the president insists he is still interested in pursuing

As Donald Trump returns to G7 summit, rift with allies is even deeper

In 2018, the president called for the group to embrace Russia and stormed out of the summit. Now he is seeking to shrink America's military role abroad and embarking on a more expansive trade war

Diplomacy with Iran remains damaged, not dead, after Israeli strikes

The push to do a deal on the country's nuclear program could be revived, even after the Israeli strikes scuppered the latest round of talks

China delays trade progress and wields rare earths to outwit Trump

Beijing has gained time to build up its own strengths by drawing out negotiations with the United States, using its chokehold over critical minerals

From 'lies & deceit' to 'phenomenal partner': How US is rethinking Pakistan

A top US general has called Pakistan a 'phenomenal partner' in counter-terrorism, years after Donald Trump accused it of 'lies & deceit' over terror support

Denmark approves US military bases amid renewed interest in Greenland

Denmark's Parliament on Wednesday approved a bill to allow the United States to have military bases on Danish soil, a move that comes as US President Donald Trump seeks to take control of the kingdom's semi-autonomous territory of Greenland. Critics say the vote ceded Danish sovereignty to the US. The legislation widens a previous military agreement, made in 2023 with the Biden administration, where US troops had broad access to Danish airbases in the Scandinavian country. The new parameters follow Trump's coveting of the strategic, mineral-rich Arctic island even as the US and Denmark are NATO allies. The legislation now goes to Danish King Frederik X for his signature. Ninety-four lawmakers voted for it, while 11 voted against. Greenland's prime minister previously said US statements about the island have been disrespectful and it will never, ever be a piece of property that can be bought by just anyone.